American Competitiveness Tax Act of 2007
To amend the Internal Revenue Code of 1986 to provide for more effective use of the deduction for domestic production activities for businesses with net operating losses.
Other Bill Titles (2 more) 9/27/2007--Introduced.
American Competitiveness Tax Act of 2007 - Amends the Internal Revenue Code to allow business taxpayers with net operating losses in prior taxable years to claim a full tax deduction for income attributable to domestic production activities.
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Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| September 27, 2007 |
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Blog Coverage
November 01, 2007 SCHIP Cloture Motion Passes
The Senate has agreed to the cloture motion to end debate on HR 3693 (SCHIP Bill) by a vote of 65 (Y) to 30 (N). This motion required 60 affirmative votes to pass. A final vote on passage of the bill will now be taken. ...
October 05, 2007 AF&PA Supports Two New Bills
recently introduced two bills — HR 3693, The American Competitiveness Act of 2007, and HR 3694, The Alternative Minimum Tax Reform Act of 2007 — that would update the US tax code to reflect the realities of a global economy ...
Source: Packaging Online
September 26, 2007 HR 3693, To amend the Internal Revenue Code of 1986 to provide for ...
HR 3693 would amend the Internal Revenue Code of 1986 to provide for more effective use of the deduction for domestic production activities for businesses with net operating losses....










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